Auction -REIT Sale | AMC | $585K Annual Rent 2555 S 44th St 35,386 SF Retail Building Manitowoc, WI 54220 $689,895 CAD ($19.50 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire the AMC Classic Manitowoc 10 located at 2555 S 44th Street in Manitowoc, Wisconsin. The Property consists of a ±35,386 SF, single-tenant cinema situated on an expansive ±7.4-acre parcel and is currently leased to AMC, generating $585,284 in annual rental revenue with more than eight years of remaining lease term.
The lease provides investors with scheduled rent growth through 5% escalations every five years and includes two five-year renewal options, offering potential long-term income continuity. The lease is structured as absolute NNN, with roof/structure as tenant responsibilities and liability insurance an owner responsibility, creating a passive ownership profile with limited landlord obligations.
Built in 2014, the Property operates as a 10-screen theater with substantial parking and strong visibility within Manitowoc’s west-side retail and entertainment corridor. The site is located just off US-151 and near I-43, surrounded by national retailers, hotels, restaurants, and regional demand drivers including Lowe’s, Walmart, Menards, Aldi, Kohl’s, Meijer, TJ Maxx, Hampton Inn, Holiday Inn, Quality Inn, and numerous quick-service restaurants. Located approximately 40 minutes from Green Bay, the Property offers investors the opportunity to acquire a leased entertainment asset backed by current rental income, contractual rent growth, and a large land position within an established Northeast Wisconsin trade area.
Manitowoc, Wisconsin is a Lake Michigan submarket in Northeast Wisconsin that offers commercial real estate investors access to a diverse economic base while remaining within reach of the broader Green Bay region. Located roughly an hour southeast of Green Bay, the city benefits from its position along the lakeshore, an established manufacturing heritage, and the Port of Manitowoc, which recently secured $20 million for infrastructure upgrades aimed at improving shipping efficiency and rail connectivity. Northeast Wisconsin economic development groups continue to market the area as part of a broader regional growth story, while Manitowoc itself supports a mix of industrial, service-commercial, and neighborhood retail demand. The Property sits within ±0.4-Mi of US-151 and ±0.6-Mi from I-43, offering seamless regional access to Green Bay (±40-Mi northwest) and Milwaukee (±77-Mi south). Nearby demand drivers include Lakeside Foods Corporate Headquarters, Manitowoc Tool and Manufacturing, Krueger International, and a strong mix of national retailers such as Lowe’s, Walmart, Hobby Lobby, Menards, Aldi, Kohl’s, Meijer, TJ Maxx, which collectively draw steady traffic to the area. The Property is located within a stable trade area of over 22,000 residents within ±3-Mi and more than 37,000 people within ±5-Mi—with an average household income (AHHI) of ±$83,051—providing a solid consumer base to support retail, entertainment, and commercial uses.